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You are here:
15 Days on Boston Pads
5 Photos
$588,000
Type: Commercial
Gross
SQFT: N/A
1 Restroom
Parking: N/A
71 Elm
Watertown, MA 02472

Property Description

FULLY STABILIZED - This single-tenant, free-standing retail site is leased to a stable food operator until July 2032. Tenant is currently paying $2,600/mo gross + utilities until July 2024, when the rent bumps to $2,800/mo followed by 3% annual increases. A safe, starting investment for someone looking to get into the commercial ownership world and diversify their portfolio. The site directly abuts the Watertown Mall, which was acquired by Alexandria Real Estate Equities for $130M in 2021. This is your chance to be a part of the red-hot Watertown submarket that is being redeveloped as the new life science destination and innovation corridor of greater Boston. Reach out to the listing broker via email or text/call to schedule your showing.

Property Overview

Property Details click or tap to expand

Property Information

  • Type: Commercial
  • Location: Legal Conforming
  • MLS ID#: 73224320

Financial

  • Gross Annual Income: 31200
  • Lease Type: Gross

Construction & Utilities

  • Utilities: Public Sewer, Public Water

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
04/20/2024Active$588,000MLSPIN
04/16/2024New$588,000MLSPIN
03/30/2024Expired$588,000MLSPIN
03/01/2024Active$588,000MLSPIN
02/26/2024Extended$588,000MLSPIN
01/27/2024Active$588,000MLSPIN
01/23/2024Extended$588,000MLSPIN
12/22/2023Active$588,000MLSPIN
12/18/2023New$588,000MLSPIN
12/01/2023Expired$588,000MLSPIN
10/24/2023Active$588,000MLSPIN
10/20/2023New$588,000MLSPIN
07/09/2022Expired$2,800MLSPIN
07/08/2022Expired$2,800MLSPIN
06/25/2022Active$2,800MLSPIN
06/21/2022New$2,800MLSPIN
06/11/2022Expired$2,800MLSPIN
05/23/2022Active$2,800MLSPIN
05/19/2022Extended$2,800MLSPIN
05/06/2022Active$2,800MLSPIN
05/02/2022New$2,800MLSPIN
05/02/2022Active$2,800MLSPIN
04/16/2022Expired$2,800MLSPIN
03/23/2022Extended$2,800MLSPIN
02/11/2022Extended$2,800MLSPIN
01/12/2022Active$2,800MLSPIN

Mortgage Calculator

View Breakdown

Seller's Representative: Sean Rose, City Realty Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 1
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-04-20 03:05:00